J. Safra Sarasin Holding AG Acquires 7,693 Shares of Clean Harbors, Inc. (NYSE:CLH)

J. Safra Sarasin Holding AG grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 114,860 shares of the business services provider's stock after purchasing an additional 7,693 shares during the quarter. J. Safra Sarasin Holding AG owned approximately 0.21% of Clean Harbors worth $26,434,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Traynor Capital Management Inc. increased its stake in shares of Clean Harbors by 3.6% during the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock worth $334,000 after purchasing an additional 50 shares during the last quarter. Williamson Legacy Group LLC increased its position in Clean Harbors by 1.4% during the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after buying an additional 53 shares during the last quarter. GAMMA Investing LLC increased its position in Clean Harbors by 10.1% during the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider's stock worth $142,000 after buying an additional 57 shares during the last quarter. Versant Capital Management Inc raised its holdings in Clean Harbors by 17.8% during the fourth quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock valued at $88,000 after buying an additional 58 shares in the last quarter. Finally, Scotia Capital Inc. boosted its stake in shares of Clean Harbors by 0.4% during the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock worth $3,282,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded up $0.25 during trading on Friday, hitting $212.25. 307,414 shares of the company's stock traded hands, compared to its average volume of 346,457. The company has a market cap of $11.50 billion, a PE ratio of 28.61 and a beta of 1.11. The firm's fifty day moving average price is $201.53 and its 200 day moving average price is $229.15. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. Analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on CLH shares. BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Robert W. Baird dropped their price target on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, UBS Group decreased their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $258.40.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.